NEW YORK, Feb. 28, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of January 31, 2012.
Alliance California Municipal Income Fund, Inc. | |
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Top 10 Fixed-Income Holdings | Portfolio % |
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1) Los Angeles CA USD GO NPFGC Series 02E | 4.98% |
5.125%, 1/01/27 (Prerefunded/ETM) |
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2) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 | 4.58% |
3) California GO 5.25%, 4/01/30 | 4.34% |
(Prerefunded/ETM) |
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4) Palo Alto CA Univ Ave AD Series 02A 5.875%, | 3.97% |
9/02/30 |
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5) Los Angeles Cnty CA Met Trnsp Auth (Los | 3.84% |
Angeles Cnty CA Mta Sales Tax) 5.00%, |
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7/01/25 |
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6) California Pub Wks Brd (Univ Of California | 3.53% |
Lease) Series 2011A 5.25%, 12/01/26 |
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7) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca | 3.24% |
Cra Grand Ctrl) AMBAC Series 02 5.375%, |
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12/01/26 |
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8) Puerto Rico Hwy & Trnsp Auth Series 02D | 3.21% |
5.375%, 7/01/36 (Prerefunded/ETM) |
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9) Los Angeles CA Harbor Dept 5.00%, 8/01/26 | 3.14% |
10) California Infra & Eco Dev Bk (YMCA of Metro | 3.10% |
Los Angeles) AMBAC Series 01 5.25%, 2/01/32 |
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Sector/Industry Breakdown |
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| Portfolio % | |
Revenue |
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| Water & Sewer | 9.26% |
| Revenue - Miscellaneous | 6.06% |
| Electric Utility | 5.86% |
| Port | 5.34% |
| Health Care - Not-for-Profit | 4.21% |
| Higher Education - Public | 3.53% |
| Airport | 3.00% |
| Toll Roads/Transit | 2.08% |
| Higher Education - Private | 1.75% |
| Primary/Secondary Ed. - Private | 1.33% |
| Industrial Development - Utility | 0.20% |
SUBTOTAL |
| 42.62% |
Tax Supported |
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| Special Tax | 10.68% |
| Assessment District | 6.55% |
| Tax-Supported Local Lease | 4.42% |
| Local G.O. | 3.63% |
| State G.O. | 2.23% |
| Tax-Supported State Lease | 1.77% |
SUBTOTAL |
| 29.28% |
Prerefunded/ETM |
| 18.29% |
Insured/Guaranteed |
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| Insured | 6.66% |
SUBTOTAL |
| 6.66% |
Asset-Backed |
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| Housing - Multi-Family | 2.83% |
SUBTOTAL |
| 2.83% |
Cash Equivalents |
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| Investment Companies | 0.32% |
SUBTOTAL |
| 0.32% |
Total |
| 100.00% |
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State Breakdown |
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| Portfolio % |
California | 91.63% |
Puerto Rico | 6.76% |
Nevada | 1.09% |
Ohio | 0.20% |
Other | 0.32% |
Total Investments | 100.00% |
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| Credit Quality Breakdown |
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| Portfolio % | |
| AAA | 10.50% | |
| AA | 38.95% | |
| A | 19.26% | |
| BBB | 9.78% | |
| Not Rated | 2.90% | |
| Pre-refunded Bonds | 18.29% | |
| Short Term Investments | 0.32% | |
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Total Investments | 100.00% | |
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Portfolio Statistics: |
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| AMT Percentage: | 13.71% | |
| Average Coupon: | 5.43 | |
| Percentage of Leverage: | ||
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| Bank Borrowing: | 0.00% |
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| Investment Operations: | 0.10% |
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| Preferred Stock: | 36.55% |
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| Tender Option Bonds: | 4.26% |
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| Term Asset-Backed Loans Facility (TALF): | 0.00% |
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| Total Fund Leverage: | 40.91%* |
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| Average Maturity: | 4.46 Years |
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| Effective Duration: | 3.97 Years |
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| Total Net Assets: | $198.48 Million** |
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| Common Stock Net Asset Value: | $14.75 |
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| Number of Holdings: | 74 |
* The total percentage of leverage constitutes 4.26% through the use of tender option bonds, 36.55% in issued and outstanding preferred
stock and 0.10% in investment operations, which may include the use of certain portfolio management techniques such as credit default
swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
** Includes 72,550,000 of preferred stock at liquidation value.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-
registered management investment company advised by AllianceBernstein L. P.
SOURCE Alliance California Municipal Income Fund, Inc.